Simula Receives Order for Lightweight Vehicle Armor; System Will Be Used in U.S. Army Armored Security Vehicle -ASV-

    TEMPE, Ariz.--April 9, 2003--Simula Inc. (AMEX: SMU) announced today that it has received a follow-on order from Textron Marine and Land Systems, New Orleans, LA, for lightweight ceramic/composite applique armor kits for the U.S. Army's M1117 Armored Security Vehicle (ASV).
    The order, valued at approximately $1.1 million, exercises an option for 20 additional armor kits from a contract awarded to Simula in November of 2001. The majority of revenues are expected to be booked in 2004. This award ensures continuity of the ASV armor production line through this time period.
    The ASV is a four-wheeled, light armored vehicle manufactured by Textron for use by the U.S. Army's Military Police. The vehicle was initially fielded in 1998. The external armor panels provide ballistic protection against various small-arms and fragment threats with a minimum weight penalty. Simula has manufactured armor for the initial 54 ASVs that were ordered by the Army, and this latest order will complete the armor kit purchase for the Army's current ASV contract with Textron.
    Simula designs and makes systems and devices that save human lives. Its core markets are military aviation safety, military personnel safety, and land vehicle safety. Simula's core technologies include lightweight transparent and opaque armor products, advanced polymer materials, energy-absorbing seating systems, inflatable restraints, personnel protective equipment, and emergency bailout parachutes. For more information visit at www.simula.com.
    Textron Systems Corporation, a wholly owned subsidiary of Textron Inc., provides innovative technology solutions to meet the needs of the global aerospace and defense industries. The Textron name is well known in the areas of advanced weapons, surveillance systems, aircraft control components, specialty marine craft and armored vehicles. The marine business of Textron is conducted through Textron Marine & Land Systems of New Orleans, LA. To learn more about Textron Systems visit www.systems.textron.com

    Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements that involve risks and uncertainties that may cause the Company's actual experience to differ materially from that which is anticipated. These forward-looking statements include statements about expected production orders, revenues and timing. Risks to Simula's business include those described herein, in the Company's press releases, and in the Company's periodic reports filed with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements to reflect unanticipated events or events or circumstances occurring after the date on which such statements are made.